Our Principals

Zodiac is an international ship management company specializing in the
management of Cape-size, Panamax-size and Handy-size Bulk Carriers, Reefer
vessels, Chemical Tankers, Gas Tankers, Container Ships and Car Carriers. The
origins of Zodiac go back to the late 1960's with the establishment
in London of a ship management agency service. In the mid 1970's
this agency service was taken over by the present Zodiac Maritime
Agencies Limited - a United Kingdom Registered Company. From the
beginning, the management's emphasis was to co-ordinate an effective
team of professionals all working in unison toward the single goal
of ensuring customer satisfaction. Over the years this philosophy
has prevailed and the company now has an unrivalled team of long
serving highly skilled managers and marine professionals. It is
the dedication of this loyal team and its experience in total ship
management that has been the key to the company's success from the
humble start dealing with just 3 ships to the position today of
over 70 ships and a staff in excess of 120.

CREWING
The company uses it's own representatives located in key areas of
the world to co-ordinate manning which is seen as an essential component
in delivering a quality service to it's customers. With minor exceptions,
crews are supplied from five main areas, Turkey, Eastern Europe,
Korea, and Philippines.
Such close control at the recruitment stage ensures only suitably
qualified personnel are supplied to the vessels. The company has
it's own cadet training programme, the yearly intake of cadets is
in excess of 100, the candidates coming mainly from Turkey, Bulgaria,
Romania, Latvia and Russia. In addition to training officers, Zodiac
has a significant share holding in a seaman's training school in
Turkey.
Many of the sea staff are long term employees some of which having
served on ships managed by Zodiac in excess of 25 years. Loyalty
and continuation of service is encouraged by the provision of a
pension scheme and other initiatives to ensure a contented and professional
workforce.

Tanker Pacific is among the world's leading tanker
and FSO operators. We operate a fleet of VLCCs, Aframaxes, Panamexes,
Product tankers and Floating Storage Units (FSO) with a total capacity of over 8.0
million deadweight tons.

Tanker Pacific traces its beginnings to Hong Kong where the forerunner
to today's company was acquired in 1982. In 1989, the company
expanded its operations to Singapore with the establishment of Tanker
Pacific Management (Singapore) Pte Ltd ("TPMS"). TPMS
today serves as the management and operations center for all of
the Group's crude oil and product tanker assets.

Tanker Pacific Management is the largest tanker operator based
in Singapore with employment over 1,000 personnel at sea and 125
personnel ashore.

The focus of Tanker Pacific's operations has
historically been large tankers, providing transport of predominantly crude oil cargoes
focussed in a geographical territory extending from the Suez Canal east to
Japan. The fleet of tanker tonnage operated out of the Far East
today totals over 45 vessels with a total capacity of over 7.0 million
deadweight tons and includes VLCC's, Aframaxes, Panamaxes and Product
Tankers.

All fleet vessels are class maintained with one of the following major
classification societies: Nippon Kaiji Kyokai, American Bureau of
Shipping, Lloyds Registry and Det Norske Veritas.

TRITON SCHIFFAHRTS GmbH was established in 1994 in the city of Leer,
which is one of Germany's key shipping communities. As of the year 2000,
TRITON is a 100% subsidiary of SEATRADE HOLDING BV, a Groningen
(The Netherlands) based shipping company.

Today TRITON is renowned as a professional manager for various types of vessels. The
types of vessels managed spanned from reefers, bulkers, ro-ro vessels, to container vessels
and tankers. At present Triton manages 35 Reefer vessels.
Triton and Seatrade presently employ over 1500 seafarers of a number of different
nationalities.
Triton offers seamen the opportunity to continuously develop and improve their skills,
which results in promotion. From the supporting ranks to management level, targets
are set and means and support are offered. Professional development is guided in
Triton unique environment.
Triton motto is: "Convince by Performance!"

NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG (Reederei NSB) is one of the biggest shipping companies worldwide.
Their service ranges from ship management of container ships and tankers to newbuilding supervision throughout the world.
About 60 percent of their fleet flies the German flag.

The fleet consists of 114 ships with a container capacity of about 6.1 million tons deadweight or more than 442,000 TEU.

NSB has a major share in this transport volume: from Buxtehude the fleet of 99 container vessels between 1.600 and 11.000 TEU,
8 product tankers and being operated.

NSB's demanding quality management system also
ensures performance and efficiency today and in the future. They make a promise
to their customers and partners to offer the best possible performance and guarantee, even far from base:
quality "Made in Germany". The company and fleet are certified under ISO 9001-2000, thus demonstrating work flow optimisation, continuous search for and analysis
of mistakes, better customer service, and a quality oriented human resources policy.

All NSB Captains and Nautical Officers are trained twice a year. The NSBacademy further offers training units in software,
crew resource management, etc.

In the mid-sixties, the design of a chemical carrier (IMO Type 2) with stainless steel cargo tanks was developed by MARINE SERVICE, the sister company
of Chemikalien Seetransport. The first vessel, "CHEMICOASTER", was built in 1964 at the small shipyard D.W. Kremer in Elmshorn / Germany. The design was
further developed and two newbuildings were delivered from the same shipyard in 1969 and 1970. The delivery of MT "CHEMICAL SPRINTER", a 2,500 tdw chemical
tanker, resulted in the foundation of Chemikalien Seetransport as management company.

The management and operation of their first-ever LNG carrier, the "ISABELLA", was taken over in 1974. This marks the beginning of the company's
specialisation in the operation of liquefied gas tankers and tankers for petroleum products.

The strategic focus on tanker shipping makes Reederei Chemikalien
Seetransport a part of the international shipping industry's most dynamic sector.
Experience from over 40 years of maritime history forms the foundation for success: Reederei Chemikalien Seetransport have proven themselves with their
international scope, and are also superbly prepared for the demands of the future and further strong growth, with a modern and homogeneous fleet of all
different kinds of tankers, i.e. crude oil, clean products, ethylene and LNG.

In 1982, Peter Kramer, the present chairman, started work in his father's company in the second generation. Since 2003 the dynamic growth resulted in
the foundation of subsidiaries in Limassol / Cyprus and Singapore. Since that year the company became partner in international shipping pools from Heidmar
and Handytankers.

The total number of staff onshore is over sixty (60), including
their highly qualified technical / commercial staff consisting of highly skilled and
experienced naval architects, marine engineers, commercial / financial / contract experts with the corresponding number of assistants / technicians and
qualified secretaries.

Adding to their steady mainstay of tanker shipping, CST took over the management of two Panamax bulk carriers with 73,000 tonnage capacity in 2005.
The bulkers were gradually integrated and used on the spot market by the internal chartering department. Further deliveries from Chinese shipyards up to
Postpanamaxsize are expected in the near future.